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Common use of Specified Defaults Clause in Contracts

Specified Defaults. Failure of Borrower to comply with any of the Financial Covenants and the expiration of 30 Business Days after written notice from Lender.

Appears in 2 contracts

Sources: Master Revolving Line of Credit Loan Agreement (Crescent Operating Inc), Master Revolving Line of Credit Loan Agreement (Crescent Operating Inc)

Related Clauses

  • Existing Defaults
  • Specific Defaults
  • Default Events
  • Automatic Defaults
  • Answer and Default

Parent Clauses

  • Events of Default
  • Forbearance Forbearance Default Rights and Remedies
  • REPRESENTATIONS AND WARRANTIES
  • Specified Defaults Limited Waiver
  • Definitions and Construction

Sub-Clauses

  • Additional Obligors
  • Restrictions on Dividends and Distributions
  • Certain Limitations
  • Non-Disturbance Agreement
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